Freeport-McMoRan Q2 2024 Adj EPS $0.42 Beats $0.38 Estimate, Sales $6.62B Beat $5.99B Estimate
Portfolio Pulse from Benzinga Newsdesk
Freeport-McMoRan (NYSE:FCX) reported Q2 2024 adjusted EPS of $0.42, beating the estimate of $0.38. Sales were $6.62 billion, surpassing the $5.99 billion estimate and showing a 15.46% increase from the same period last year.
July 23, 2024 | 12:05 pm
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Freeport-McMoRan's Q2 2024 earnings and sales both exceeded analyst expectations, with a notable year-over-year sales increase of 15.46%.
The company's better-than-expected earnings and sales figures, along with a significant year-over-year sales increase, are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100